[" When a new partner does not bring his "],[" share of goodwill in cash,the amount is "],[" debited to : "^(*)]

When a new partner does not not bring his share of goodwill in cash, the amount is debited to :

When a new partner brings his share of goodwill in cash, the amount is debited to:

If the new partner brings his share of goodwill in cash, it will be shared by old partners in :

When a new partner brings goodwill in Cash, it is credited to :

Amar and Samar were partners in a firm sharing profits and losses in 3:1 ratio. They admitted Kanwar for 1/4 share of profits. Kanwar could not bring his share of goodwill premium in cash. The Goodwill of the firm was valued at Rs. 80,000 on Kanwar’s admission. Record necessary journal entry for goodwill on Kanwar’s admission.